Two Sigma Securities LLC decreased its holdings in Fulton Financial Corp (NASDAQ:FULT) by 11.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 28,113 shares of the bank’s stock after selling 3,704 shares during the quarter. Two Sigma Securities LLC’s holdings in Fulton Financial were worth $503,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Stone Ridge Asset Management LLC acquired a new position in Fulton Financial in the fourth quarter worth approximately $709,000. Deutsche Bank AG grew its position in Fulton Financial by 177.8% during the 4th quarter. Deutsche Bank AG now owns 561,216 shares of the bank’s stock worth $10,042,000 after purchasing an additional 359,167 shares in the last quarter. JOYN Advisors Inc. purchased a new position in Fulton Financial during the 4th quarter worth approximately $245,000. Profund Advisors LLC grew its position in Fulton Financial by 18.4% during the 4th quarter. Profund Advisors LLC now owns 31,373 shares of the bank’s stock worth $562,000 after purchasing an additional 4,866 shares in the last quarter. Finally, Koch Industries Inc. grew its position in Fulton Financial by 232.6% during the 4th quarter. Koch Industries Inc. now owns 40,081 shares of the bank’s stock worth $717,000 after purchasing an additional 28,029 shares in the last quarter. Hedge funds and other institutional investors own 63.43% of the company’s stock.
Fulton Financial Corp (FULT) opened at $19.30 on Wednesday. Fulton Financial Corp has a 52-week low of $16.45 and a 52-week high of $19.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $3,400.61, a P/E ratio of 18.13 and a beta of 1.02.
Several equities analysts have weighed in on the stock. Zacks Investment Research cut shares of Fulton Financial from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Barclays lifted their price objective on shares of Fulton Financial from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Fulton Financial currently has a consensus rating of “Hold” and a consensus target price of $18.80.
ILLEGAL ACTIVITY WARNING: “Two Sigma Securities LLC Sells 3,704 Shares of Fulton Financial Corp (FULT)” was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://sportsperspectives.com/2018/03/14/two-sigma-securities-llc-sells-3704-shares-of-fulton-financial-corp-fult.html.
About Fulton Financial
Fulton Financial Corporation is a financial holding company. The Company is the bank holding company of Fulton Bank N.A. (the Bank). As of December 31, 2016, the Company’s six subsidiary banks were located primarily in suburban or semi-rural geographic markets throughout a five-state region (Pennsylvania, Delaware, Maryland, New Jersey and Virginia).
Want to see what other hedge funds are holding FULT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fulton Financial Corp (NASDAQ:FULT).
Receive News & Ratings for Fulton Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulton Financial and related companies with MarketBeat.com's FREE daily email newsletter.